Under President Bill Clinton we sponsored China into the World Trade Organization

Almost two decades ago, then president, Bill Clinton and the House of Representatives sponsored China into the World Trade Organization (WTO). None of his arguments, for doing so, have proven to be correct, concerning it and as a matter of fact, the deal has proven to be an unprecedented economic catastrophe. The U.S. has lost as many as 7,000,000 jobs, we are deeply in debt to China and the 0bama regime only made things worse.

Clinton foolishly stated that granting China permanent normal trade relations (PNTR), which allowed China to gain entry into the WTO, would be a great deal for America.
"We do nothing," Clinton said. "They have to lower tariffs. They open up telecommunications for investment. They allow us to sell cars made in America in China at much lower tariffs. They allow us to put our own distributorships there. They allow us to put our own parts there. We don't have to transfer technology or do joint manufacturing in China any more. This a hundred-to-nothing deal for America when it comes to the economic consequences." So President Bill Clinton signed off on the Sino-U.S. trade agreement in 1999 and China’s admittance into the World Trade Organization, making our job bleed-out unstoppable.

Further granting permanent normal trade relations (PNTR) to China would "increase U.S. jobs and reduce our trade deficit," Bill Clinton promised.
We actually lost all those jobs. So far over 63,000 American factories have closed down, for good and, to date, we owe $1.12 trillion to China.
Slick Willy ignored the rules, in his dealing with Congress, which stated that no totalitarian country would be allowed WTO membership. Totalitarian countries have a totally dependent population, in other words - slave labor.

American manufacturers just can't compete with cheaper Chinese imports, and there are a lot more of them after China joined the WTO.
Many U.S. businesses downsized or closed their factories altogether.
John Bassett III, ofVaughan-Bassett Furniture Co. in Virginia decided instead to take the fight to the Chinese.

Bassett traveled to China, actually visiting a factory that made knockoffs of Vaughan-Bassett furniture. He fooled them into believing that he wanted to do business with that same Chinese manufacturer. They were willing to supply Bassett with the knock off furniture, under his company name, provided he closed his own U.S. factory.

Instead Mr. Bassett returned to the U.S. and put together a group of U.S. furniture makers, who prevailed, in a formal dumping complaint, against Chinese furniture manufacturers. To his employees and the U.S. furniture industry John Bassett is an American hero. He stopped even more U.S. jobs from being stolen by China. That is certainly more than the U.S. government has done, on its own, to help ANY U.S. company or industry, since President Bill Clinton sponsored China into the World Trade Organization.